Delmarva ducks RadioShack store closings

Radio Shack plans to close nearly 200 of its remaining 1,500 stores, according to its latest filing.
USA TODAY

If you regularly patronize one of RadioShack's four locations on Delmarva, you're in luck.

The region isn't set to lose any of its RadioShack stores after the electronics retailer announced March 8 it is closing nearly 200 locations. Its Texas-based owner, General Wireless Operations, also said it had filed for Chapter 11 bankruptcy protection.

That's the second time in two years that RadioShack has filed for bankruptcy amid poorer-than-expected performance in mobile phone sales.

The company plans to close 187 locations across the country, with most shutting down by March 28. In addition, the chain says it is closing the RadioShack portion of the 360 stores that it shares with Sprint, and evaluating whether to do the same in 971 other shared stores.

Its stores in Georgetown, Ocean City, Salisbury and Rehoboth Beach are expected to remain open.

“Over the course of the past two years, our talented, dedicated team has worked relentlessly in an effort to revitalize the company and the RadioShack brand, while providing outstanding service to our customers. We greatly appreciate their hard work and dedication," said RadioShack CEO and President Dene Rogers in a statement.

Last year, RadioShack reduced operating expenses by 23 percent while increasing gross profit by 8 percent, Rogers said. The chain sold more than one million RadioShack headphones and speakers in the U.S., while also adding FedEx services in 140 stores.

Buy Photo

Radio Shack is closing nearly 200 stores as it reorganizes for the second time in as many years.(Photo: Des Moines Register photo)

USA Today contributed to this report.

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